Buy Nokia ( NOK), Jim Cramer said Thursday on CNBC's Stop Trading! segment.

Cramer likes the handset maker's buy of map company Navteq ( NVT) and says Nokia is worlds ahead of rivals like Motorola ( MOT). He said the stock's decline on the Navteq deal is a "buyable pullback."

Cramer also likes Capital One ( COF), saying data from hard-hit California markets indicates that credit card defaults aren't likely to go through the roof. Cramer said he believes the stock is "done going down."

Cramer also likes Cisco ( CSCO), saying it's better than Ciena ( CIEN), which has just run up 10 points. Cramer would sell Ciena and buy Cisco right now.

Cramer says Bank of America ( BAC) is cheap and going to $60 from $52, while talk of J.P. Morgan ( JPM) CEO Jamie Dimon's excellence is "overblown."
At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.